The Mifos Initiative had the honor of being at OSCON hosting a booth in the non-profit pavilion of the Expo Hall for the ninth year this past month in Portland, OR. We also were able to continue telling our transformative story around Open Source Core Banking through a talk on the Business Summit given by Edward Cable, on Democratizing Financial Services and how Open Source Core Banking is enabling a multiplier effect. As we’ve done in the past, we like to share the firsthand experience of our Business Development intern at their first OSCON – read on below for a glimpse into Jackson Reed’s first time at OSCON.
This post is part of our Explorations series, where we invite experts from across the global tech community and our ecosystem to impart their wisdom and knowledge. Identity is a crucial part of delivering responsible fintech and a topic that is actively being discussed across our community right now. We’re happy to have Ken Banks, the Head of Social Impact at Yoti, share this guest blog post describing their recently announced social impact strategy. Ken will also be leading a webinar as part of our Mifos Community Webinar Series on March 18 at 1400GMT via GoToTraining outlining Yoti and its commitment to designing and delivering solutions that can make digital identity a force for good.
Please read his blog post below, explore the their social impact strategy (.pdf) and join the webinar on March 18. Mifos is looking for institutions across the community who are ready and willing to participate in digital identity pilots we will be kicking off with organizations like Yoti and the Sovrin Foundation.
Register now for webinar on March 18 at 1400GMT to earn about Yoti’s social impact strategy and commitment to GoodID
Over the past few months our Social Impact team has been busy carrying out research across Africa, South East Asia and the United Kingdom to better understand digital identity needs and opportunities in these locations. We’ve been speaking to experts around the world and attending digital identity and humanitarian events to get a sense of who is doing what, where. Our findings have led to the development of an exciting user-focused, evidence-based Social Impact Strategy which we are proud to be launching today, along with an updated section of the Yoti website. Read more
This month we are extremely excited to recognize Abhay Chawla as our Star Contributor of the Month, and first of 2019! We are recognizing Abhay for his wonderful involvement in several areas of the Mifos community. Since wrapping up his Google Summer of Code internships, he’s stayed steadily involved with the community – spearheading the documentation and evangelism to onboard new contributors during Code for Good week. He then went on to serve as a mentor for Google Code-In, sharing his experience and wisdom with high school students. Now, he’s mentoring Chirag Gupta on an internship to bring to completion the web app rewrite he started. Abhay is always thorough, articulate, and patiently ready to guide others to contribute! Read more
As 2018 comes to a close, it’s time to look back on the year that was. The growth of our ecosystem, both in scale of outreach and breadth of services and solutions continues to impress us – more than 10,000,000 individuals are now being reached by solutions powered by Mifos and Fineract! We finally began to tell that story on a grander stage, getting the word out at multiple conferences and getting recognized for different awards. While we didn’t ship many official releases, we’re ready to release the newest versions of our mobile wallet and mobile banking apps, the next release of Mifos X and are ready to jumpstart the community around Fineract CN.
As we heads toward 2019, we look to our vibrant ecosystem to help us take the Mifos Initiative to new heights – we’ll be working directly with partners to catalyze new solutions, we’ll be launching an association-based funding model to directly enable partners and users to help with ongoing sustainability, and we’ll begin executing upon our roadmap for Fineract CN, unlocking our vision of Financial Inclusion 2.0.
Here’s our list of the top 10 moments from 2018 in more or less chronological order.
This month we are extremely excited to recognize Chirag Gupta as our star contributor for the month, and last of 2018! Chirag is our youngest Star Contributor to date! After working with Mifos through Google-Code-In as a student in 2016, Chirag has continued to contribute ever since! This year he served as a Google-Code-In Mentor, where he has mad a tremendous impact helping guide students in the same way he was during GCI only a few short years ago. In addition to being a GCI Mentor, Chirag has helped Mifos in numerous ways, including fixing bugs in our mobile pay app and web projects. We couldn’t have done Google Code-In this year without Chirag – he was there to welcome and help nearly every student. Keep up the great work, Chirag! We love having you as a part of our Mifos family! Read more
The Mifos Initiative is honored to have been chosen as the Highly Commended runner-up entrant for the Fintech for Good Award in the 2018 Banking Technology Awards led by Fintech Futures.
While Deutsche Bank took home the Fintech for Good Award for its CommunITy Hackathons, we are pleased to have the prestigious honor of being selected as the Highly Commended entry amongst finalists like
@Lendio, @MorganStanley, @Remitly, @ncino, @SunriseBanks , @tescobank and Banco BNI Europa.
Thank you to Fintech Futures and Comms for Good for hosting the awards and this valuable recognition. We’re proud that the impact of our community and ecosystem got to be recognize on this grand fintech stage and look forward to this as a springboard to further strengthen Mifos/Fineract as a recognizble name for open source banking, digital financial services innovation, cloud-based core banking, and banking the underbanked.
Next week ApacheCon descends upon Montreal – we’ll have a large contingent of our community in attendance and Fineract will take center stage with PMC VP, Myrle Krantz, giving a keynote entitled Banking on Open Source.
I’ll be giving a similar version of the talk James Dailey and I delivered at OSCON, Open Banking: Fueling Innovation on an Open Source Core Banking Platform. In this talk, I’ll show firsthand what Open Source Banking truly is by presenting four enterprise case studies on Fineract adoption, implementation, and contribution at financial institutions ranging from fintechs to microfinance banks.
This is my first ApacheCon and I’m looking forward to it – for the chance to put faces to names for the many ASF members I’ve interacted with on the lists and to attend sessions to further immerse myself in the Apache Way.
For any of the Mifos or Fineract community in North America, I’d highly recommend you try to make it the conference because Tuesday, Sept 25, will house the Fineract Fintech track. Thank you to Rich Bowen for making this dedicated track happen.
Myrle Krantz, Apache Fineract VP will kick things off with a keynote that morning entitled “Banking on Open Source”. Next up will be Rajan Maurya sharing his experiences as an intern on Branchless Banking and Promoting Financial Inclusion in the Fragile States. My talk on Open Source Banking will then follow and later in the day, Gaurav Saini will speaking about building an Offline-First Expense Manager App with Apache CouchDB. Daniel Ruggeri of Mastercard will be giving his talk, Bringing Enterprise into the Open Source World that fits nicely into the theme as it chronicles Mastercard’s Open Source contribution journey.
A big thank you also to the Apache Travel Assistance Committee whose generous travel sponsorship is enabling Rajan Maurya, Kumaranath Fernando, and Sanyam Goel to travel all the way from India to attend.
It seems like each year Google Summer of Code passes us by even more rapidly than the last year and this year it was no different We worked with another stellar class of interns, and once again grew our participation to our highest levels yet with 13 Mifos Initiative interns and 4 Apache Fineract interns. With the large intern class and taking on multiple projects on Fineract CN for the first time, this was our most challenging year to date. Our mentors were stretched to their limits and our interns did a great job producing impactful code on all fronts – on the mobile app front, we’ve significant enhanced our mobile field operations app and both our mobile banking app and mobile wallet app. We even built the first client-facing banking app on Fineract CN and evolved Fineract CN Mobile. On the web and front-end we made substantial progress in completely re-writing our Mifos X Web App onto Angular 6 and advanced our online banking app. On the Fineract back-end, we implemented much needed scalability enhancements, rolled out a robust architecture for our payment gateway, and explored new frontiers with scorecards for machine learning and a Mifos chatbot. Lastly on top of Fineract CN our Mifos intern enabled containerization via Docker and Kubernetes while the Apache Fineract interns implemented a new microservice for email and SMS and began implementing the first functionality for group lending and group management. This post will showcase the outstanding work they did with the community and part 2 of our official GSOC Wrap-up will focus on their reflections on their journey throughout Google Summer of Code.
Before we take a closer look at the results of the summer, we want to first off thank everyone who made Google Summer of Code another successful year.
Google Open Source Programs Office
First off we want to once again thank the Google Open Source Programs office for giving us the opportunity to participate once more in both Google Code-In and and Google Summer of Code. For our community, GSOC has really become a life-blood of our project. In our talk at LinuxFest Northwest, we documented how GSOC helps us organically grow our community year after year. While we unfortunately missed the GSOC meetup at OSCON, it was a pleasure seeing Stephanie, Mary, Josh and Helen at the GCI grand prize trip and we look forward to hopefully seeing Cat too at the Mentor Summit in October. We are always impressed by the awesome job they do in coordinating such a massive global collaboration handling all the moving pieces so smoothly. We look forward to participating in GCI and GSOC for many years to come!
A huge thank you to all our mentors who are the most critical piece of the puzzle in having a successful Google Summer of Code. Without our mentors being there at each step of the way to help guide our students in their journey, we couldn’t get through the summer. Some of our mentors really had to step up big time as a couple of our mentors had to step away due to unforeseen conflicts. We value this redundancy but need to grow our mentor participation for next year so are eager to welcome any community members who’d like to make the leap, to step forward now!
Thank you to our mobile development mentors – Rajan Maurya, Tarun Mudgal, Puneet Kohli, Naman Dwivedi, and Ishan who had some limited time to review code. Thank you to our web development mentors – Gaurav Saini, Pranjal Goswami, Raunak Sett, and Mohit Bajoria. Thanks to our mentors on the platform side – Avik Ganguly, Nayan Ambali, Aleksandar Vidakovic, Steve Conrad, Rahul Goel, and Victor Romero. Thank you to our Fineract CN mentors – Yannick Awasum, Isaac Kamga, and Myrle Krantz. A big thank you to other community members and volunteers like Sundari Swami, Santosh Math, and Shruthi Rajaram.
Last, but certainly not least, thank you to our interns from across the globe who poured their energy into their projects. This year they were ever-perseverant in working on brand new codebases, changing requirements on the fly, and working on experimental solutions. What is always most rewarding is seeing how collaborative and supportive the interns are of each other helping to solve coding problems, helping with collaboration tools and just being great all-around community members. We wish them the best of luck in whatever they pursue next and look forward to their continued contributions to the Mifos Initiative. Already, despite the program being officially over, many of our interns have continued making contributions and wrapping up loose ends of their projects.
We are recognizing Aleks Vidakovic from Belgrade, Serbia as our newest Star Contributor! Aleks is one of our more seasoned community members who has had a major impact on the project through multiple generations of the code. Aleks first came to the community by way of Robert Jakech, helping build a brand new Mifos X UI for FINEM in Uganda. He then kicked off a major project with Gentera in Mexico. Apart from helping deliver a rock-solid customer experience for these institutions, Aleks has been an anchor in our community, both contributing and passing on the torch to new contributors. He’s been a sage and empathetic mentor for the past two Google Summer of Codes, first mentoring Sanyam Goel on Swagger integration and most recently Dingfan Zhou on the chatbot project. The patience and passion he puts into mentoring astounds me; it’s moving to see how dedicated individuals like Aleks are. Most recently, Aleks has also earned committership to Apache Fineract and is now finalizing the setup and configuration of the much-needed demo server for Fineract CN.
Join in giving congrats to Aleks who is one of the chillest guys around and would love to hear from you!